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ECB to Buy Bonds to Combat Economic Slowdown From Coronavirus

FRANKFURT—The European Central Financial institution unveiled a new €750 billion ($818.seven billion) bond-purchasing program aimed at shielding the eurozone financial system from the spreading coronavirus, casting apart longstanding taboos to ship a established signal to investors that the lender will stand driving the region’s embattled governments. The unanticipated go, adhering to times of hold off […]

FRANKFURT—The European Central Financial institution unveiled a new €750 billion ($818.seven billion) bond-purchasing program aimed at shielding the eurozone financial system from the spreading coronavirus, casting apart longstanding taboos to ship a established signal to investors that the lender will stand driving the region’s embattled governments.

The unanticipated go, adhering to times of hold off and combined messages from the ECB, underscores the significant degree of urgency between coverage makers in Europe, which has emerged as the new middle of the fast-shifting world disaster….